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posted on June 24, 2008
Lightning Strikes – Again and Again
Lightning Claim Costs Continue to Increase, Causing Nearly $1 billion in Insured Losses, I.I.I. Study Finds
They say that lightning never strikes in the same place twice, but for insurers it strikes hundreds of thousands of times annually, causing millions of dollars in damage. In fact, the cost of homeowners’ claims for damage caused by lightning strikes has increased dramatically – up 28 percent over the last four years, according to the Insurance Information Institute (I.I.I.).
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